The ECB’s monetary tightening: a belated start under uncertainty

This paper contrasts macroeconomic developments and monetary policy measures of the European Central Bank with the Federal Reserve, Bank of England, and Bank of Japan, assesses the ECB policy errors that occurred in the last year, and the appropriateness of the current monetary policy stance of the
ECB. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 26 September 2022.


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